A tax that takes a _____ percentage of income as income _____ is a _____ tax.
A) lower;rises;progressive
B) lower;rises;regressive
C) higher;rises;proportional
D) higher;falls;proportional
Correct Answer:
Verified
Q151: Suppose Governor Meridias decides to initiate a
Q152: Annual _ taxes are paid on the
Q153: Suppose an income tax is levied on
Q154: A progressive tax:
A)takes a larger share of
Q155: A tax is progressive if the tax
Q157: A tax that takes a _ is
Q158: A tax of $10 on an income
Q159: A tax that takes a higher percentage
Q160: A tax of $10 on an income
Q161: A tax of $20 on an income
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